Property Accountant

The Mason Group - Strategic Search Partners; Toronto; On-site; CAD 55,000 - 85,000; Full time

Job summary

A leading company in the real estate sector is seeking a Property Accountant to join their Property Accounting team in Toronto. This role involves financial reporting, account reconciliations, budgeting, and collaboration with various departments to support a dynamic property accounting environment. Candidates should possess a degree in Accounting and preferred experience with REIT accounting, along with strong analytical and communication skills.

Qualifications

• Experience with property or REIT accounting is greatly preferred.
• Strong working knowledge of accounting systems required.
• Excellent written and verbal communication skills.

Responsibilities

• Ensure accurate reporting and all monthly financial processes.
• Maintain monthly and annual general ledger reconciliations.
• Assist in internal and external audits compliance.

Skills

Interpersonal skills

Analytical skills

Problem-solving skills

Customer service

Education

University degree in Accounting

Tools

Yardi

Microsoft Excel

Job description

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Our client is in the real estate space and looking for a Property Accountant to join their Property Accounting team. Reporting to the Supervisor, Property Accounting, you will work closely with Real Estate Financial Planning and Analysis, Property Management (Operations), Construction/Development teams, and Lease Administration to provide timely & accurate management reporting and analytical support for the REIT. You will also be involved in continual process improvements and will support business initiatives as they evolve.

Responsibilities of the Property Accountant is as follows but not limited to:

• Ensure all monthly financial and management reporting required is accurate and delivered on a timely basis including preparation of detailed variance analysis of property NOI
• Maintain and update monthly and annual general ledger account reconciliation working papers and follow-up to ensure items are cleared according to guidelines, procedures, and deadlines
• Prepare, review and approve monthly, quarterly and annual journal entries and ensure a strong control environment
• Coordinate with Lease Administration to ensure all lease setups and rent escalations are accurately reflected in the accounting system
• Update recovery setup for tenants in accordance with their leases and maintain straight line rent
• Timely and accurate completion of CAM and tax tenant billing adjustments; working with Property Management (Operations) for preparation of tenant pre-bill notices and chargeback billings
• Assist in internal and external audit requirements by providing working papers and ensure compliance to enterprise processes and policies
• Preparation and consolidation of property budgets and forecasts including calculating key accounting budget items and reviewing to ensure property accounting budgets are reasonable
• Assist or take leadership role where necessary on any special projects or transactions during the year

Requirements

• University degree in Accounting or a business related discipline
• Experience with property or REIT accounting is greatly preferred
• Working knowledge of Yardi is considered an asset
• Excellent interpersonal and communication skills (both written and verbal)
• Strong analytical, decision making, and problem-solving skills
• Ability to deliver excellent customer service with internal and external stakeholders
• Advanced working knowledge of Microsoft Excel and general ledger accounting systems

If you are already registered with The Mason Group, please contact your Recruiting Consultant directly with reference to job #19942.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

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